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Financial sense argument

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Old 10-31-2013, 06:25 AM
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Default Financial sense argument

I got into it today with a guy at work about fixing up my rover, he's a jeep guy so I figured it was like talking to a brick wall. His argument was that I shouldn’t dump any money into my 95 fixing all the little stuff and getting it back up to snuff since discos are going so cheap now a days and it doesn’t make financial sense to restore it to its former glory. His words were "drive it til it catches fire and then pick another one up for a grand. I couldn’t get through to him that if your into land rovers it's not really about what makes financial sense, its more like a drive i have to get everything to work on the truck and be as functional as the day it was built, mod it a little and have fun with it. It was a lost cause he just couldn’t make the connection, funny thing is he has a jacked up jeep Cherokee in the parking lot and I'm sure that doesn’t make financial sense lol, Anyone else come across this way of thinking?
 
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Old 10-31-2013, 08:30 AM
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I have had people telling me I'm putting too much money into my 95' 5 speed. I just tell them that if I could get a newer disco with a manual transmission, I would be all over it.
 
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Old 10-31-2013, 08:43 AM
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If you own a D1 or DII and are an active forum member you proved the point that it's not sitting in your driveway simply to transport you to and from work. You're a proud enthusiast. You're passionate about tinkering on it in your free time and are constantly looking for something to work as you drive to and from work. It's a hobby. Hobbies are not catorigized to make financial sense. You spend money to have fun.

Me. I paid at least for this truck four times over. I've been though two different lift kits in two years. Who cares. I enjoy spending time wrenching on my rig, it's a peaceful escape where I can get away from all the other bull**** in life. Rusty stubborn bolts, or driveline vibrations... fuc u, bring it. I love it. Haha. Just my two cents.
 
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Old 10-31-2013, 09:13 AM
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Logic fail. No $1000 disco will be comparable in experience to a well maintained/restored one.
 
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Old 10-31-2013, 09:53 AM
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Financial sense depends on your resources, desires, values and priorities. If you have enough money, the cost of any car is inconsequential to your personal finances. If you owe money on a loan for a Land Rover that's become inoperable and costly to repair, then your senses tell you it was foolish.

Is the Land Rover paid for? Do you have any other unsecured debt (credit card)?
 
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Old 10-31-2013, 10:00 AM
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It's also a question of how much is it worth to you to have a dependable vehicle?? It's easy to say "throw it in the guttah, go buy anutha". But that doesnt do you much good when you're stranded because you did NO maintenance/repairs on it.
 
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Old 10-31-2013, 10:01 AM
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Originally Posted by binvanna
Financial sense depends on your resources, desires, values and priorities. If you have enough money, the cost of any car is inconsequential to your personal finances. If you owe money on a loan for a Land Rover that's become inoperable and costly to repair, then your senses tell you it was foolish.

Is the Land Rover paid for? Do you have any other unsecured debt (credit card)?
i owe nothing on the 95 and i only have regular monthly bills mortgage, heat elec, phone etc. I honestly feel like his mindset was Not so much not making financial sense but more why would you fix up a land rover, and if that was the case then that’s a totally different argument.
 
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Old 10-31-2013, 10:02 AM
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Originally Posted by fishEH
It's also a question of how much is it worth to you to have a dependable vehicle?? It's easy to say "throw it in the guttah, go buy anutha". But that doesnt do you much good when you're stranded because you did NO maintenance/repairs on it.

thats my train of thought it doesnt make sense to do nothing and wiat for the lack of maintenace to leave you out on the side of the road.
 
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Old 10-31-2013, 12:38 PM
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I realize the Jeep guy wasn't really addressing the basic/common sense in personal finance, but if you don't have that base covered, a 4x4 of any brand doesn't make sense. You know, I mean, pay off your debt first before you spend more unnecessarily.

I'm not sure that Land Rover (or any 4x4) expense can be justified much by the value of a dependable vehicle. It makes sense to maintain an operable vehicle rather than a neglected one for sure, but many other brands and types of vehicle can be dependable for considerably less expense than a Land Rover 4x4. A Jeep is rarely a good alternative though. A compact pickup, even 2wd, has most of the utility that a Land Rover does for much less total cost of ownership.

Land Rovers are rare, very rare compared to pickups, or even Toyota Camrys. Because for most people, what they offer beyond pickups, camrys, or any of the car models at the airport rental places, just doesn't have value enough to justify the expense. For most people, they don't make sense.

If a four-seat, 4x4 SUV with a fairly high level of off-road capability really "makes sense" at all in your world, then you can make a comparison with alternatives that meet those criteria. But many people have 4x4 SUV's just for the looks, the image. So if you actually use it's capability, does that justify it?

The Land Rover isn't really justified by it's capability. A 2WD compact pickup can be made to go most places that Land Rovers are actually taken. And there aren't many Land Rovers that will go through the Fordyce Creek trail at all, while plenty of Jeeps and Toyotas will. You just can't say that you need a Land Rover to do a certain level of terrain that lesser vehicles can't. The fact is lesser vehicles will do it, and they'll even do more than the Land Rover can.

The Land Rover "makes sense" when it meets your desires, you have the resources to afford it, you value it enough to do what it takes, and it's enough of a priority that it gets acquired and built. Financially, it's not really more costly than any other project 4x4. If you look at well-built Jeep or Toyota projects of any model era, they're often much costlier than what most well-maintained Land Rovers are. I've seen solid-axle swap Toyotas, built-up JK's with tons on coilovers and 4-links, clean FJ resto's, lifted, locked and with everything from on-board air to suspension seats. Whether those builds made financial sense or not, none of them were a bargain at a discount far below the cost of a well-maintained Land Rover. "You get what you pay for." So whether it makes sense or not depends on what you value.

For me, the Land Rover does poorly as a cheap 4x4. There are some other 4x4's that will wheel for just a few hundred bucks, and die hard. Doing that to a Land Rover is possible, but it's a very short term prospect. You could find one cheap, wheel it a couple weekends and part it out. But if you wanted to go any further than that, it becomes more costly than the alternatives.

The Land Rover is also a bad choice for an extreme project. If you want to end up stretched on 40's with a four-link, tons, and all the bad-*** parts, that just isn't the Land Rover's forte.

Where the Land Rover does well is as a modest, full-body, four-door, hard-roof 4x4. If they're in good condition they will be more comfortable than any Jeep ever built, any model. Even a D1 or RRC is more comfortable than any solid axle Jeep ever, and the independent suspension models are much nicer than the latest Grand Cherokees. Likewise, they're more comfortable than any Toyota 4x4, ever.

Land Rover themselves recognized this strength and built on it something that no other 4x4 even attempts to compete with in the late model Range Rovers. While I think they took the comfort aspect to an absurd extreme for a 4x4, the kind of comfort my comparably modest D1 offers is very practical. Most guys I know with built-up CJ, TJ, K5 and other radical builds, they have a different daily driver because those rigs are noisy, cold, hot, drafty. I mean, you can't even carry on a conversation in them. They suck 95% of the time, and just 5% of the time, yeah it's nice to be topless and crawl over the rocks without worrying about your doors, or to bust through a mud bog with a 454 on 42's when you've got nowhere else to be. Any other time, I'd rather be in a Land Rover. Even a JK, you pay a lot more for a stock one than you will for a well built older Land Rover and they're not even more comfortable. You can take their capability a lot farther than a Land Rover, but not without spending double again.

The Land Rover is more costly than most people that acquire them first believe. After a little experience, I believe the D1 and RRC are the best values, but that they will cost well over $10K in the long-term (not counting fuel), and as much as twice that with modifications and the expense of offroading. From what I can tell, D2's and P38's could cost as much as $10K more than a D1 or Classic. I see a lot of new Discovery owners with budgets below $10K, expecting to go offroading. I think those are mistaken expectations. If that is what a person is thinking, I will tell them it doesn't make financial sense. In that budget range, a compact pickup and a used ATV or dirt bike make more sense.

If someone has been driving a Land Rover and offroading it regularly for more than a few years and not spent at least $10K on it, I would like to shake their hand.
 
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Old 10-31-2013, 12:50 PM
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holey monkey, professor. you need to break that post into chapters
would be tough to stay under 10k, but doable... as long as fuel isn't counted
 


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